Sunshine Act Meeting Notice, 71597 [06-9638]

Download as PDF Federal Register / Vol. 71, No. 237 / Monday, December 11, 2006 / Notices SECURITIES AND EXCHANGE COMMISSION Sunshine Act Meeting Notice mstockstill on PROD1PC61 with NOTICES Notice is hereby given, pursuant to the provisions of the Government in the Sunshine Act, Pub. L. 94–409, that the Securities and Exchange Commission will hold the following meeting during the week of December 11, 2006: An Open Meeting will be held on Wednesday, December 13, 2006 at 10 a.m. in Room L–002, the Auditorium. The subject matters of the Open Meeting scheduled for Wednesday, December 13, 2006, will be: 1. The Commission will consider whether to propose, jointly with the Board of Governors of the Federal Reserve System, new rules under the Securities Exchange Act of 1934 (‘‘Exchange Act’’) to implement the Gramm-Leach-Bliley Act bank exceptions to the definition of ‘‘broker.’’ The Commission will also consider extending the temporary exemption of banks from the definition of ‘‘broker.’’ In addition, the Commission will consider whether to propose additional related rules, including rules exempting banks from the definition of ‘‘dealer’’ under the Exchange Act. 2. The Commission will consider whether to repropose a new rule that would enable a foreign private issuer meeting specified conditions to terminate permanently its Exchange Act registration and reporting obligations under Section 12(g) regarding a class of equity securities and its Section 15(d) reporting obligations regarding a class of equity or debt securities. The Commission will also consider whether to repropose a rule amendment that would apply the exemption from Exchange Act registration under Rule 12g3–2(b) to a class of equity securities immediately upon the effective date of the issuer’s termination of registration and reporting obligations under the reproposed new exit rule. 3. The Commission will consider whether to propose interpretive guidance to assist the management of an Exchange Act reporting company, other than an investment company registered under Section 8 of the Investment Company Act of 1940, in planning and performing its annual evaluation of internal control over financial reporting. The Commission will also consider whether to propose amendments to Rules 13a–15 and 15d–15 under the Exchange Act that would make it clear that a company choosing to perform an evaluation of internal control in accordance with the interpretive guidance would satisfy the annual evaluation required by those rules. 4. The Commission will consider whether to adopt amendments to the proxy rules under Section 14 of the Exchange Act. The amendments would provide an alternative for Internet-based disclosure. Companies conducting proxy solicitations could satisfy the Rule 14a–3 requirement to furnish proxy materials by posting those proxy materials on an Internet Web site and providing shareholders with notice of the Internet VerDate Aug<31>2005 15:15 Dec 08, 2006 Jkt 211001 availability of the materials. Other soliciting persons also would be permitted to follow the Internet alternative. The Commission also will consider whether to propose mandating Internet disclosure of proxy materials. 5. The Commission will consider whether to propose a new antifraud rule under Section 206 of the Investment Advisers Act of 1940. The Commission will also consider whether to propose a new rule under the Securities Act of 1933 to revise the criteria for natural persons to be considered ‘‘accredited investors’’ for purposes of investing in certain privately offered investment vehicles. 6. The Commission will consider whether to re-open the comment period on proposed Rule 0–1(a)(7) under the Investment Company Act of 1940 to enhance the independence and effectiveness of investment company directors, and in connection therewith, to publish economic analyses of mutual fund governance and independence issues by the Office of Economic Analysis. At times, changes in Commission priorities require alterations in the scheduling of meeting items. For further information and to ascertain what, if any, matters have been added, deleted or postponed, please contact: The Office of the Secretary at (202) 551–5400. Dated: December 6, 2006. Nancy M. Morris, Secretary. [FR Doc. 06–9638 Filed 12–7–06; 10:48 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–54870; File No. SR–OPRA– 2006–02] Options Price Reporting Authority; Notice of Filing of Proposed Amendment to the Plan for Reporting of Consolidated Options Last Sale Reports and Quotation Information To Provide That Classes of Foreign Currency Options Newly Introduced for Trading by Any of the Parties to the Plan Be Treated Under the Provision ‘‘Special Temporary Provision for Newly Traded FCO Securities’’ During a Temporary Period Ending on December 31, 2007 December 5, 2006. Pursuant to Section 11A of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 608 thereunder,2 notice is hereby given that on November 17, 2006, the Options Price Reporting Authority (‘‘OPRA’’) submitted to the Securities and Exchange Commission 1 15 2 17 PO 00000 U.S.C. 78k–1. CFR 242.608. Frm 00095 Fmt 4703 Sfmt 4703 71597 (‘‘Commission’’) an amendment to the Plan for Reporting of Consolidated Options Last Sale Reports and Quotation Information (‘‘OPRA Plan’’).3 The proposed OPRA Plan amendment would provide that classes of Foreign Currency Options (‘‘FCO Securities’’ or ‘‘FCOs’’), newly introduced for trading in the securities markets maintained by any of the parties to the OPRA Plan, will be treated by OPRA under the provision ‘‘Special Temporary Provision for Newly Traded FCO Securities’’ during a temporary period ending on December 31, 2007. The Commission is publishing this notice to solicit comments from interested persons on the proposed OPRA Plan amendment. I. Description and Purpose of the Amendment Under the terms of the OPRA Plan, subject to the exception described in Section VIII(c)(iii), FCOs traded on any of the exchanges that are parties to the Plan are ordinarily assigned to a separate ‘‘FCO service’’ rather than OPRA’s ‘‘basic service’’ to which equity and index options are assigned. As a result, subject to the exception described below, separate fees and charges are imposed for access to the FCO service, and all revenues and expenses pertaining to the FCO service are allocated to a separate ‘‘FCO Accounting Center’’ established under Section VIII(c) of the OPRA Plan. To date, FCOs have been traded only on the Phlx. In late 2005, at the request of the Phlx and with the Commission’s approval, OPRA amended Section VIII(c) of the ORPA Plan by adding a new subparagraph (iii) thereto, which provides that during a temporary period ending on December 31, 2007, new classes of FCO Securities introduced for trading on Phlx (such classes are defined as ‘‘New FCO Securities’’) will be included in OPRA’s basic service and not in its FCO service.4 The effect of the amendment is to treat New FCO 3 The OPRA Plan is a national market system plan approved by the Commission pursuant to Section 11A of the Act and Rule 608 thereunder (formerly Rule 11Aa3–2). See Securities Exchange Act Release No. 17638 (March 18, 1981), 22 S.E.C. Docket 484 (March 31, 1981). The full text of the OPRA Plan is available at https:// www.opradata.com. The OPRA Plan provides for the collection and dissemination of last sale and quotation information on options that are traded on the participant exchanges. The six participants to the OPRA Plan are the American Stock Exchange LLC, the Boston Stock Exchange, Inc., the Chicago Board Options Exchange, Inc., the International Securities Exchange, Inc. (‘‘ISE’’), the NYSE Arca, Inc., and the Philadelphia Stock Exchange, Inc. (‘‘Phlx’’). 4 See Securities Exchange Act Release No. 52901 (December 6, 2005), 70 FR 74061 (December 14, 2005). E:\FR\FM\11DEN1.SGM 11DEN1

Agencies

[Federal Register Volume 71, Number 237 (Monday, December 11, 2006)]
[Notices]
[Page 71597]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-9638]



[[Page 71597]]

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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting Notice

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Pub. L. 94-409, that the Securities and 
Exchange Commission will hold the following meeting during the week of 
December 11, 2006:
    An Open Meeting will be held on Wednesday, December 13, 2006 at 10 
a.m. in Room L-002, the Auditorium.
    The subject matters of the Open Meeting scheduled for Wednesday, 
December 13, 2006, will be:

    1. The Commission will consider whether to propose, jointly with 
the Board of Governors of the Federal Reserve System, new rules 
under the Securities Exchange Act of 1934 (``Exchange Act'') to 
implement the Gramm-Leach-Bliley Act bank exceptions to the 
definition of ``broker.'' The Commission will also consider 
extending the temporary exemption of banks from the definition of 
``broker.'' In addition, the Commission will consider whether to 
propose additional related rules, including rules exempting banks 
from the definition of ``dealer'' under the Exchange Act.
    2. The Commission will consider whether to repropose a new rule 
that would enable a foreign private issuer meeting specified 
conditions to terminate permanently its Exchange Act registration 
and reporting obligations under Section 12(g) regarding a class of 
equity securities and its Section 15(d) reporting obligations 
regarding a class of equity or debt securities. The Commission will 
also consider whether to repropose a rule amendment that would apply 
the exemption from Exchange Act registration under Rule 12g3-2(b) to 
a class of equity securities immediately upon the effective date of 
the issuer's termination of registration and reporting obligations 
under the reproposed new exit rule.
    3. The Commission will consider whether to propose interpretive 
guidance to assist the management of an Exchange Act reporting 
company, other than an investment company registered under Section 8 
of the Investment Company Act of 1940, in planning and performing 
its annual evaluation of internal control over financial reporting. 
The Commission will also consider whether to propose amendments to 
Rules 13a-15 and 15d-15 under the Exchange Act that would make it 
clear that a company choosing to perform an evaluation of internal 
control in accordance with the interpretive guidance would satisfy 
the annual evaluation required by those rules.
    4. The Commission will consider whether to adopt amendments to 
the proxy rules under Section 14 of the Exchange Act. The amendments 
would provide an alternative for Internet-based disclosure. 
Companies conducting proxy solicitations could satisfy the Rule 14a-
3 requirement to furnish proxy materials by posting those proxy 
materials on an Internet Web site and providing shareholders with 
notice of the Internet availability of the materials. Other 
soliciting persons also would be permitted to follow the Internet 
alternative. The Commission also will consider whether to propose 
mandating Internet disclosure of proxy materials.
    5. The Commission will consider whether to propose a new 
antifraud rule under Section 206 of the Investment Advisers Act of 
1940. The Commission will also consider whether to propose a new 
rule under the Securities Act of 1933 to revise the criteria for 
natural persons to be considered ``accredited investors'' for 
purposes of investing in certain privately offered investment 
vehicles.
    6. The Commission will consider whether to re-open the comment 
period on proposed Rule 0-1(a)(7) under the Investment Company Act 
of 1940 to enhance the independence and effectiveness of investment 
company directors, and in connection therewith, to publish economic 
analyses of mutual fund governance and independence issues by the 
Office of Economic Analysis.

    At times, changes in Commission priorities require alterations in 
the scheduling of meeting items.
    For further information and to ascertain what, if any, matters have 
been added, deleted or postponed, please contact: The Office of the 
Secretary at (202) 551-5400.

    Dated: December 6, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. 06-9638 Filed 12-7-06; 10:48 am]
BILLING CODE 8011-01-P
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